Zürcher Nachrichten - Polluting shipping to face climate reckoning

EUR -
AED 4.277424
AFN 76.282379
ALL 96.389901
AMD 444.278751
ANG 2.0846
AOA 1067.888653
ARS 1666.882107
AUD 1.752778
AWG 2.096182
AZN 1.984351
BAM 1.954928
BBD 2.344654
BDT 142.403852
BGN 1.956425
BHD 0.438198
BIF 3455.206503
BMD 1.164546
BND 1.508021
BOB 8.044377
BRL 6.334667
BSD 1.164081
BTN 104.66486
BWP 15.466034
BYN 3.346807
BYR 22825.091832
BZD 2.341246
CAD 1.610276
CDF 2599.265981
CHF 0.936525
CLF 0.027366
CLP 1073.571668
CNY 8.233458
CNH 8.232219
COP 4463.819362
CRC 568.64633
CUC 1.164546
CUP 30.860456
CVE 110.752812
CZK 24.203336
DJF 206.963485
DKK 7.470448
DOP 74.822506
DZD 151.068444
EGP 55.295038
ERN 17.468183
ETB 180.679691
FJD 2.632397
FKP 0.872083
GBP 0.872973
GEL 3.138497
GGP 0.872083
GHS 13.3345
GIP 0.872083
GMD 85.012236
GNF 10116.993527
GTQ 8.917022
GYD 243.550308
HKD 9.065929
HNL 30.604708
HRK 7.535429
HTG 152.392019
HUF 381.994667
IDR 19435.740377
ILS 3.768132
IMP 0.872083
INR 104.760771
IQD 1525.554607
IRR 49041.926882
ISK 149.038983
JEP 0.872083
JMD 186.32688
JOD 0.825709
JPY 180.935883
KES 150.58016
KGS 101.839952
KHR 4664.005142
KMF 491.43861
KPW 1048.083022
KRW 1716.311573
KWD 0.357481
KYD 0.970163
KZT 588.714849
LAK 25258.992337
LBP 104285.050079
LKR 359.069821
LRD 206.012492
LSL 19.73949
LTL 3.438601
LVL 0.704422
LYD 6.347216
MAD 10.756329
MDL 19.807079
MGA 5225.31607
MKD 61.612515
MMK 2445.475195
MNT 4130.063083
MOP 9.335036
MRU 46.419225
MUR 53.689904
MVR 17.938355
MWK 2022.815938
MXN 21.164687
MYR 4.787492
MZN 74.426542
NAD 19.739485
NGN 1688.68458
NIO 42.826206
NOK 11.767853
NPR 167.464295
NZD 2.015483
OMR 0.446978
PAB 1.164176
PEN 4.096293
PGK 4.876539
PHP 68.66747
PKR 326.50949
PLN 4.229804
PYG 8006.428369
QAR 4.240169
RON 5.092096
RSD 117.610988
RUB 88.93302
RWF 1689.755523
SAR 4.37074
SBD 9.584899
SCR 15.748939
SDG 700.4784
SEK 10.946786
SGD 1.508557
SHP 0.873711
SLE 27.603998
SLL 24419.93473
SOS 665.542019
SRD 44.985272
STD 24103.740676
STN 24.921274
SVC 10.184839
SYP 12877.828498
SZL 19.739476
THB 37.119932
TJS 10.680789
TMT 4.087555
TND 3.436865
TOP 2.803946
TRY 49.523506
TTD 7.89148
TWD 36.437508
TZS 2835.668687
UAH 48.86364
UGX 4118.162907
USD 1.164546
UYU 45.529689
UZS 13980.369136
VES 296.437311
VND 30697.419423
VUV 142.156196
WST 3.249257
XAF 655.661697
XAG 0.019993
XAU 0.000278
XCD 3.147243
XCG 2.098055
XDR 0.815205
XOF 655.061029
XPF 119.331742
YER 277.802752
ZAR 19.711451
ZMK 10482.311144
ZMW 26.913878
ZWL 374.983176
  • RBGPF

    0.0000

    78.35

    0%

  • AZN

    0.1500

    90.18

    +0.17%

  • NGG

    -0.5000

    75.41

    -0.66%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • SCS

    -0.0900

    16.14

    -0.56%

  • GSK

    -0.1600

    48.41

    -0.33%

  • BTI

    -1.0300

    57.01

    -1.81%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • RYCEF

    -0.0500

    14.62

    -0.34%

  • RELX

    -0.2200

    40.32

    -0.55%

  • RIO

    -0.6700

    73.06

    -0.92%

  • BCC

    -1.2100

    73.05

    -1.66%

  • JRI

    0.0400

    13.79

    +0.29%

  • VOD

    -0.1630

    12.47

    -1.31%

  • BCE

    0.3300

    23.55

    +1.4%

  • BP

    -1.4000

    35.83

    -3.91%

Polluting shipping to face climate reckoning
Polluting shipping to face climate reckoning / Photo: CLEMENT MAHOUDEAU - AFP/File

Polluting shipping to face climate reckoning

The hefty carbon footprint of global shipping networks that crisscross our oceans and keep the world's economy afloat will come under scrutiny next week, as countries wrestle over measures to slash planet-heating pollution.

Text size:

Nations are under pressure to agree ambitious emission reduction targets and consider a tax on pollution by the sector at a key meeting of the International Maritime Organization. Currently shipping belches out roughly the same level of greenhouse gases as aviation.

The IMO Marine Environment Protection Commission (MEPC) meeting, held in London from Monday to Friday, is likely to pit climate-vulnerable nations -- particularly Pacific islands -- and some richer countries against big exporters such as China.

"The climate crisis is an existential threat to Pacific small island developing states, and many other countries, but can be seen as less urgent by countries with superior resources," Michael Prehn, the IMO delegate for the Solomon Islands, told AFP.

"This is why the Pacific has been consistently pressing for the highest possible ambition in climate regulation."

- Net-zero -

Shipping, which is responsible for around two percent of global greenhouse gas emissions, is judged to be off course in the fight against climate change.

Efforts to decarbonise so far centre around a 2018 IMO decision that instructed shipping firms to reduce CO2 emissions by 50 percent by 2050, from 2008 levels.

But that target is considered insufficient given the level of global emissions and compared to other industries, including aviation, which is aiming for net zero by the same mid-century deadline.

Nations in support of more ambitious cuts want the IMO to align its goals with the Paris Agreement's global warming limit of 1.5 degrees Celsius above pre-industrial times.

Some 45 countries -- including the European Union, the United States, Britain, Fiji, the Marshall Islands and Norway -- support a net zero target for the sector by 2050.

Most also support an intermediate target for 2030.

But emerging market exporters, particularly Brazil and China, have strongly resisted a change, according to observers at talks that started in late June ahead of the decision-making MEPC meeting.

A briefing note circulated by China, seen by AFP, framed the proposals as "unrealistic" and an effort by developed countries to boost their economic competitiveness by increasing shipping costs.

- A 'no-brainer' -

Ships transport 90 percent of the world's goods, and the sector emits around a billion tonnes of greenhouse gases every year, the equivalent of Germany or Japan.

Nicolas Entrup, director of international relations at marine protection organisation OceanCare, said a goal of absolute zero greenhouse gas emissions from shipping by mid-century, with interim targets, would be "the necessary step forward for humankind".

"It should be a no-brainer to bring the IMO targets in line with those of the Paris Agreement," he said. "We simply can't afford any other less ambitious path."

One immediate way to reduce emissions would be to simply slow boats down so they burn less fuel, he added.

Among the proposals coming from different countries, the EU wants net zero by 2050, with emissions reduced 29 percent by 2030 and 83 percent by 2040.

Countries such as the United States, Canada, and climate vulnerable Marshall Islands and Solomon Islands, want to go even further, with a 96-percent cut by 2040.

Observers say that while some countries are on the fence, the United Arab Emirates -- which will this year host the UN COP28 climate conference -- has swung in support of the goal of net zero by 2050. That has raised hopes of an agreement on the issue.

- Global levy -

But a potential deal on another flagship proposal -- to introduce a global levy on shipping emissions -- is going to be a harder sell.

French President Emmanuel Macron threw his support behind the idea at a recent climate finance summit in Paris, but said it would need backing from China, the United States and other European nations to work.

A source following the preliminary IMO negotiations said support had swelled to 70 countries but that major exporters including Brazil, China and Australia were against it. Brazil has argued it would harm food security and penalise developing countries.

There is also disagreement about where any revenues would be spent. There are debates over whether it should be used solely to decarbonise the sector, or whether some of the money should go to help countries cope with climate impacts.

The sums could be significant.

The Marshall Islands and the Solomon Islands, which have been campaigning for a tax for a decade, are proposing a tariff of $100 per tonne, with money helping vulnerable countries.

According to the World Bank, this could generate over $60 billion a year.

F.E.Ackermann--NZN